Understanding Your Business Structure Options
Starting your business is an exciting step, and at Westerra Credit Union, we want you to feel confident knowing You Can Do Money right from the start.
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Whether you’re just starting out or have served your community for decades, managing resources and planning ahead can be complex.
But it doesn’t have to feel overwhelming.
At Westerra Credit Union, we’ve had the privilege of working alongside many Colorado nonprofits. What we’ve seen is this: When organizations are equipped with smart financial practices and local support, they not only survive, they grow.
Nonprofit leaders often wear many hats. Fundraising, program management, reporting, operations — it’s a lot to balance. That’s why simplifying financial management is so important.
One of the best ways to do that? Start with the essentials:
Create a reserve fund that covers a few months of expenses. Even modest savings provide valuable flexibility during slower funding cycles.
Use digital tools like QuickBooks for Nonprofits or Aplos to track restricted funds, generate reports, and stay compliant with grant requirements.
Automate what you can. Recurring transfers into savings or scheduled bill pay can help reduce manual work and ensure consistency.
Schedule regular check-ins with your financials. A brief review each quarter helps keep spending aligned with goals — and can highlight ways to save.
At Westerra, we help nonprofits set up accounts and tools that make this easier, so time and energy can stay focused on what really matters.
Colorado has an incredible network of support organizations that exist to help nonprofits succeed. Whether you’re looking for funding opportunities, strategic planning support, or community connection, these groups offer valuable guidance:
Community Resource Center (CRC) — Training, grant tools, and consulting statewide crcamerica.org
Colorado Nonprofit Association — Advocacy, workshops, and networking coloradononprofits.org
TechSoup Colorado — Access to discounted tech tools and training techsoup.org
These groups, paired with a financial partner who understands the nonprofit landscape, can strengthen your foundation from multiple angles.
As a not-for-profit credit union, Westerra shares your commitment to community. We don’t answer to shareholders, we serve people. That gives us the freedom to reinvest in member services, keep fees low, and offer personalized support that aligns with your mission.
Here’s how we help:
Simplified business banking with low fees and no surprises
Tools and guidance for organizing your finances with clarity
Local expertise from a team that values what you do — because we’re part of the same community
Financial management is just one part of running a nonprofit — but when it’s handled with intention, it creates more space for impact, more room for growth, and less stress behind the scenes.
Westerra Credit Union is here to support Colorado nonprofits with practical tools, personalized guidance, and a shared belief in building stronger communities.
Let’s keep your mission moving forward, together.
Schedule ConsultationStarting your business is an exciting step, and at Westerra Credit Union, we want you to feel confident knowing You Can Do Money right from the start.
So, you’ve got the idea, the passion and that spark that says, “I’m ready.” Whether you’re dreaming of a cozy café in Capitol Hill, a landscaping biz in Lakewood or an online shop run from your Highlands home — starting a business in Colorado is exciting!
We are excited to announce that we will be hosting our annual all staff meeting and afternoon of service, "Volunterra" this Thursday from 12:00-5:00 P.M. MDT. During this meeting staff will work together to build kits to help support our community.
Westerra is reaffirming its dedication to supporting local students and schools through a series of impactful initiatives that include comprehensive financial literacy programs, career development workshops, and more.